Report
João Calado
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BiG Research Flash Note: Pepsi

PepsiCo is a US multinational and one of the biggest foods and beverage company in the
market. PepsiCo took its name in 1965 when Pepsi-Cola and Frito-Lay merged and
created the company that now has its headquarters in Purchase, New York. The
company sells and distributes in more than 200 countries its vast portfolio of brands
such as Pepsi-Cola, Gatorade, Frito-Lay, Quaker, and Tropicana. Their operations are
divided in six segments: North America Beverages (NAB); Latin America; Asia, Middle
east and North Africa (AMENA); Quaker Foods North America (QFNA); Europe Sub-
Saharan Africa (ESSA); and Frito-Lay North America (FLNA).

Underlying
PepsiCo Inc.

PepsiCo is a food and beverage company. The company's segments include: Frito-Lay North America, which includes food and snack businesses in the United States and Canada; Quaker Foods North America, which includes cereal, rice, pasta and other food businesses in the United States and Canada; PepsiCo Beverages North America, which includes beverage businesses in the United States and Canada; Latin America, which includes beverage, food and snack businesses in Latin America; Europe, which includes beverage, food and snack businesses in Europe; and Africa, Middle East and South Asia, which includes beverage, food and snack businesses in Africa, the Middle East and South Asia.

Provider
BiG Research
BiG Research

Banco de Investimento Global, S.A. (BiG) is a privately-held, specialized financial institution, with headquarters in Lisbon, and is licensed to operate in all business areas open to the banking sector in Portugal.

BiG Research specializes in finding long term investment ideas in European and US markets.

Analysts
João Calado

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